Replies

Yes there are receipts. The issue is not accounting, but did he have the right to use investor money to cover the company's losses on derivative trading. It appears at this point he did if the transactions were through their UK branch. (still some questions of legality there)

In the U.S. what MF Global did was illegal. In the UK probably not. Were the investors aware of the risks? I seriously doubt it.

Many of those who are on the hook are farm commodities producers who hedged their livestock/crops.

39 posted on 12/08/2011 8:26:24 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)

Somehow Soros is connected to MF Global...
Most evidence must by now be shredded or liquidated..
There are so many conspiracys its hard to keep up..

49 posted on 12/08/2011 9:36:08 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)